certainly say that the Chinese government is very focused on capturing savings and retaining them within China for these mad projects. So wouldn't it be nice if a Chinese person could instead buy a mutual fund overseas and eventually, I don't know what, send their kids overseas for education? People do do that, but it's a very small proportion. Well, I guess what I mean is, and I definitely want you to correct me if I'm wrong here, I guess what I'm thinking is there seems to be no respect by the financial sector in China for the savings of the people that are putting the money there. It seems that they feel that they can wield that for investments at their will. Well, they can because there's a universal backstop, right? So nothing is ... Well, we have that here in the US as well, but there is the pretense that it's your money. I mean, that pretense seems more specious in China. Well, we sort of do, but losses are borne by investors here, and they're really not borne by investors in (39/57)
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